London open: Flat start for Footsie
8th Jun 2010 08:41
Footsie is moving sideways this morning with investors unsettled by the late fall on Wall Street last night. Tesco is the big story. Chief executive Sir Terry Leahy is to retire next March with Philip Clarke moving up to take his place as CEO at the UK's top supermarket chain. Leahy steps down af
Read moreLondon close: Late rally limits losses
21st May 2010 16:32
It was a volatile day on the markets, but Footsie rallied back above 5,000 points before the close, having sunk below that level earlier in the afternoon, and finished only slightly in the red. European worries are continuing to set traders' nerves on edge. Germany's parliament approved the country
Read moreLondon afternoon: Footsie sinks below 5,000
21st May 2010 14:24
The FTSE 100 has plunged below 5,000 for the first time in over six months as markets continue to fret about Europe's sovereign debt crisis and potential financial regulation. London's leading index sank below the big figure just after midday. It hasn't been this low since early November and hasn't
Read moreFTSE 100 movers: Banks head the slide
21st May 2010 14:15
As Footsie slides below 5,000 it is the banks that are leading it downwards. Lloyds Banking, RBS and Standard Chartered are the worst performing banks. Brewer SABMiller is another of the major losers after yesterday's results and share sales by directors. Chief executive Graham MacKay raised £10
Read moreSector movers: Miners buck the downward trend
21st May 2010 14:07
Unusually for a day that has seen the FTSE 100 sliding more than 100 points, miners are in demand. The sector has been helped by a slight improvement in metals prices, which comes after a week of sharp declines. FTSE 100 mining stalwarts such as Xstrata, Fresnillo and Rio Tinto are wanted. But sh
Read moreSector movers: Miners under pressure
14th May 2010 13:14
Mining stocks are under pressure as concerns over economic conditions in Europe stoke fears over state of the global economy generally Southern European countries such as Greece, which has had to turn to its eurozone peers to stop its debt crisis from spilling over, and Portugal, which also has a
Read moreGold hits record near $1,250
14th May 2010 12:40
The price of an ounce of gold hit a record high just short of $1,250 on Friday as continuing worries over the European debt situation and the effect it may have on the global economy stoked demand for the yellow metal. With investors concerned about subdued economic growth and company earnings, the
Read moreFTSE 100 movers: BT gain outweighs financials dip
13th May 2010 14:38
BT dominates the Footsie today as positive reaction to its figures sent the share price more than 10% higher. The reported pre-tax profit of £1.01bn in the year ended March 2010 compared with a loss of £244m last time. In the final quarter, the pre-tax profit was £251m compared to a loss of £1.31b
Read moreLondon close: Greek problems resurface
22nd Apr 2010 16:45
Worries about Greece's debt situation knocked global markets and kept Footsie in the red at the close. Greece's financial situation came under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated, and warned
Read moreLondon afternoon: No help from US
22nd Apr 2010 14:59
Footsie is not being helped by the US, which has started deep in the red, as worries about Greece's debt situation knocks global markets. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7
Read moreThursday's tips round-up: Fresnillo, JD Sports, JP Morgan Indian Investment Trust
15th Apr 2010 06:43
Fresnillo is well managed, boasts a world-class asset base and its ambitious growth plans seem well within its reach. The gearing of silver prices to economic recovery ? about half of consumption is accounted for by industrial applications ? is also persuasive, says the Times But it adds that, at 8
Read moreLondon close: Footsie moves past 5,800
14th Apr 2010 16:35
Positive sentiment as the US first quarter earnings season gets under way helped inject a bit of life into Footsie following recent sluggishness, sending it past the 5,800 point mark, though it settled slightly lower. Forecast-topping results from computer chip maker Intel yesterday were interprete
Read moreLondon afternoon: Upward trend continues
14th Apr 2010 14:26
London consolidated gains over the lunch-time session on another quiet day for corporate news. Forecast-topping results from computer chip maker Intel yesterday have been interpreted as a clear sign that the recovery in the global economy is not running out of steam, and that has led to a rise in b
Read moreLondon midday: BT heads field after broker tip
14th Apr 2010 12:02
Having been largely responsible for the Footsie's fall yesterday miners are driving the blue-chip index higher today, enabling the index to move close to the 5800 level despite the presence of the usual Wednesday batch of ex-dividend stocks. Forecasting topping results from computer chip maker Inte
Read moreProduction up at Fresnillo
14th Apr 2010 07:48
Silver and gold producer Fresnillo said first quarter gold production exceeded its expectations. Quarterly attributable gold production increased by 31.5% over the same period last year to a record level of 85,097 ounces, as commercial production at Soledad-Dipolos kicked in during January 2010. T
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